The Komokwa is of major importance in Kwaguilth mythology. He was the king of the undersea world, master and protector of the seals who were a symbol of wealth. His name means "wealthy one" and he ruled from a great rich house under the water. The house contained great wealth in blankets, coppers and other treasures.

Many humans of legendary history attempted to reach this kingdom. Those who achieved their goal became wealthy and powerful, returning to their home village with magical boxes full of treasure.